{"id":1124,"date":"2007-03-03T12:55:46","date_gmt":"2007-03-03T04:55:46","guid":{"rendered":"http:\/\/maddruid.com\/?p=1124"},"modified":"2009-09-26T21:06:41","modified_gmt":"2009-09-26T11:06:41","slug":"1120-of-analogizing-free-market-as-democracy","status":"publish","type":"post","link":"https:\/\/maddruid.com\/?p=1124","title":{"rendered":"[1120] Of analogizing free market as democracy"},"content":{"rendered":"

It is Saturday morning and I just woke up from sleep. Being the internet addict that I am, within 15 minutes of consciousness, I was already log onto the internet, reading my bookmark, scouring for news or any interesting reading. Somehow, through random clicking, I reached Wan Saiful’s blog<\/a> and found myself downloading “Apa itu Liberal dan apa itu Liberalisme?<\/em><\/a>“.<\/p>\n

I am not sure what I downloaded it in the first place. It might be caused by the launch of a book entitled, “Apa itu Pencerahan?<\/em>“, a Malay translation of Kant’s <\/em>“Was ist Aufklarung?<\/em>“. Liberals that do not read German might be more familiar with its English title: “What is Enlightenment?<\/em>” So, perhaps, I took the recurrence of the term “Apa itu… ?” as a sign; I need to read it.<\/p>\n

So, I read it with relative ease. With ease because there is almost nothing new in the document; I, proudly, am familiar with almost all the ideas and the cited authors. So, it is dull except at the manner the author argues for free market, which I feel is ingenious.<\/p>\n

On the fourth page, in Malay:<\/p>\n

…Sebagai contoh, sebab apa percaya bahawa instituisi [sig] ekonomi yang bebas itu lebih adil, pertama sebab pasaran yang merupakan satu pilihanraya setiap jam dan minit. Contohnya A dan B jual nasi lemak, siapa yang menentuka [sig] A dan B boleh jual atau tidak? Yang menentukannya adalah pasar, peti undinya adalah pasar. Jika nasi lemak A tidak sedap dia akan kehilangan undi. Keadilannya terletak di sini.<\/em><\/p><\/blockquote>\n

Roughly in English:<\/p>\n

…As an example, why free market institution is fairer than the other? First, the market is an election held every minute. For instance, who would decide A and B could sell nasi lemak<\/em>? It is the market; the market is a huge ballot box. If A sold low quality nasi lemak<\/em>, he would lose vote. The fairness of the system is here.<\/p><\/blockquote>\n

Though the idea is not foreign, I had never seen it stated in such an explicit way that links democracy with free market. I think this is the first time somebody explicitly uses democracy to justify free market.<\/p>\n

Perhaps, such presentation of free market it is nothing more than an analogy. Nevertheless, this analogy could be used to entice fervent supporters of democracy that are neutral of the liberal-socialist divide towards free market and to a certain extent, liberal democracy.<\/p>\n","protected":false},"excerpt":{"rendered":"

It is Saturday morning and I just woke up from sleep. Being the internet addict that I am, within 15 minutes of consciousness, I was already log onto the internet, reading my bookmark, scouring for news or any interesting reading. Somehow, through random clicking, I reached Wan Saiful’s blog and found myself downloading “Apa itu […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10,4],"tags":[231,72,579,157],"class_list":["post-1124","post","type-post","status-publish","format-standard","hentry","category-economics","category-liberty","tag-democracy","tag-free-market","tag-liberal-democracy","tag-liberalism"],"_links":{"self":[{"href":"https:\/\/maddruid.com\/index.php?rest_route=\/wp\/v2\/posts\/1124","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/maddruid.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/maddruid.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/maddruid.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/maddruid.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1124"}],"version-history":[{"count":2,"href":"https:\/\/maddruid.com\/index.php?rest_route=\/wp\/v2\/posts\/1124\/revisions"}],"predecessor-version":[{"id":5266,"href":"https:\/\/maddruid.com\/index.php?rest_route=\/wp\/v2\/posts\/1124\/revisions\/5266"}],"wp:attachment":[{"href":"https:\/\/maddruid.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1124"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/maddruid.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1124"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/maddruid.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1124"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}